Oki Electric Industry Balance Sheet Health
Financial Health criteria checks 4/6
Oki Electric Industry has a total shareholder equity of ¥139.1B and total debt of ¥103.6B, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are ¥414.9B and ¥275.8B respectively. Oki Electric Industry's EBIT is ¥23.8B making its interest coverage ratio -53.5. It has cash and short-term investments of ¥31.5B.
Key information
74.5%
Debt to equity ratio
JP¥103.65b
Debt
| Interest coverage ratio | -53.5x |
| Cash | JP¥31.55b |
| Equity | JP¥139.11b |
| Total liabilities | JP¥275.82b |
| Total assets | JP¥414.93b |
Recent financial health updates
No updates
Recent updates
Oki Electric Industry (TSE:6703) Is Paying Out A Dividend Of ¥30.00
Nov 11
Unpleasant Surprises Could Be In Store For Oki Electric Industry Co., Ltd.'s (TSE:6703) Shares
Jul 27There May Be Underlying Issues With The Quality Of Oki Electric Industry's (TSE:6703) Earnings
May 21A Piece Of The Puzzle Missing From Oki Electric Industry Co., Ltd.'s (TSE:6703) Share Price
Apr 19Financial Position Analysis
Short Term Liabilities: 6703's short term assets (¥229.2B) exceed its short term liabilities (¥192.8B).
Long Term Liabilities: 6703's short term assets (¥229.2B) exceed its long term liabilities (¥83.0B).
Debt to Equity History and Analysis
Debt Level: 6703's net debt to equity ratio (51.8%) is considered high.
Reducing Debt: 6703's debt to equity ratio has increased from 70.8% to 74.5% over the past 5 years.
Debt Coverage: 6703's debt is well covered by operating cash flow (39.7%).
Interest Coverage: 6703 earns more interest than it pays, so coverage of interest payments is not a concern.